Asian markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.In a much-anticipated speech via video link at the Davos World Forum in Switzerland, the new president …
Asian markets build on Trump rally, yen steady ahead of BoJ Read More »
Japan’s much-loved “tonkatsu” pork cutlets come with a mound of freshly shredded cabbage, but a surge in the price of the humble vegetable has prompted chef Katsumi Shinagawa to skimp on servings.The culprit is a changing climate. Last year’s record summer heat and heavy rain ruined crops, driving up the cost of the leafy green …
Climate change cooks up Japanese ‘cabbage shock’ Read More »
The S&P 500 finished at a fresh all-time record Thursday as US stocks shrugged off early weakness, welcoming President Donald Trump’s pledge to cut corporate taxes.In a much-anticipated video appearance at the World Economic Forum in Davos, Trump pushed for lower interest rates and said he would cut taxes for companies investing in the United …
Trump Davos address lifts S&P 500 to record, dents oil prices Read More »
A tech-fuelled rally on Wall Street faltered on Thursday as concerns about interest rates and high stock valuations sapped investor confidence.Crude prices slumped after US President Donald Trump called on Saudi Arabia and OPEC to reduce oil prices.Wall Street has been on a tear over the past week, with the S&P 500 setting a record …
Wall Street’s AI-fuelled rally falters, oil slumps Read More »
A tech-fuelled rally on Wall Street faltered on Thursday as concerns about interest rates and high stock valuations sapped investor confidence.Wall Street has been on a tear over the past week, with the S&P 500 setting a record high in the wake of US president Donald Trump’s massive AI-investment announcement.But both the S&P 500 and tech-heavy …
Global stock markets mostly rose Thursday following a tech-fuelled rally on Wall Street spurred by US president Donald Trump’s massive AI-investment announcement.Investors have largely welcomed the first few days of Trump 2.0 as he held off immediately returning to the hardball trade policies of his first term.However, warnings that China, the European Union, Canada and …
Stocks mainly rise after Wall Street’s AI-fuelled rally Read More »
Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump’s huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.Shanghai was among the main winners, eating into year-to-date losses after China unveiled a fresh batch of measures aimed at boosting the …
Most Asian markets rise after Wall Street’s AI-fuelled rally Read More »
Donald Trump is back in the White House, promising to use the United States’s vast economic weight to hit back at China for its alleged unfair trade practices and role in the deadly American fentanyl crisis.This week, the mercurial magnate said 10 percent tariffs on all Chinese imports could kick in on February 1 — …
How things stand in China-US trade tensions with Trump 2.0 Read More »
South Korea’s economy grew less than expected in the fourth quarter, data showed Thursday, as it was hit by the fallout from President Yoon Suk Yeol’s brief declaration of martial law that hit consumer confidence and domestic demand.The ongoing political crisis comes as leaders of the export-reliant country prepare for the second US presidency of …
Political crisis hits South Korea growth: central bank Read More »
Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump’s huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.Shanghai led the winners, eating into year-to-date losses after China unveiled a fresh batch of measures aimed at boosting the country’s stock …
